HR 7242
To amend the Internal Revenue Code of 1986 to permit expenditures from health savings accounts for gym memberships and costs of home gym equipment, to repeal the requirement that health plan be high deductible, and for other purposes.
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill modifies health savings accounts (HSAs) to allow individuals to use HSA funds for gym memberships and home gym equipment, as well as dietary nutritional supplements. It also removes the requirement that HSA participants be covered by a high-deductible health plan and allows Medicare recipients to participate in an HSA. Furthermore, the bill removes a limitation on the amount spent on these items and clarifies definitions related to fitness facilities and home gym equipment.
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Primary sponsor
Cosponsor
Kendra S. Horn
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